Monday, November 17, 2008

3770 product export tax hike to boost confidence or greater than the actual role

In the beginning of this month, following up textile and garment, toys, etc. 3486 export tax rebate rate, the Ministry of Finance and State Administration of Taxation yesterday (17) once again clear from the beginning Dec. 1 to raise part of the labor-intensive products, electrical and mechanical Value-added products and other products export tax rebate rate, involving a total of commodities amounted to 3770, total exports accounted for about 27.9 percent. It is understood that this is already the third time in the second half of this year to raise the export tax rebate rate, and adjust the coverage and intensity Are better than the previous two.

The scope of tax rebate is likely to continue to expand

To implement the decision of the State Council, the Ministry of Finance, State Administration of Taxation recently issued "on the improvement of labor-intensive products such as value-added goods, the export tax rebate rate of the notice." 3770 clarified the notice to raise the tax rebate rate of the specific scope of goods. The freeze on shrimp, crab frozen aquatic products, such as some of the tax rebate adjustment is the largest rate from 5% to 13%. Second, some of the mold, the glass is also substantially increase the tax rebate rate by 6 percentage points to 11% by. And some mechanical and electrical products are fine-tuning is only 1-2 percentage points.

China's Ministry of International Trade and Economic Cooperation Li Yushi, vice president of the Institute in the last round of large-scale transfer tax that was to raise the export tax rebate belongs to the period of very upset. If the foreign trade situation continues to deteriorate, exports continued to fall, to increase the scope of the export tax is likely to continue to expand.

Confidence boost to or greater than the actual role

"Of course hope that the shoes can also increase the export tax rebate, good policy is better than none." Shunde, a manufacturer of children's shoes in the Guangzhou Trade Fair, told reporters. And yesterday he once again linked, he said, "or low range, only two points. Qiujiao Hui's performance is not satisfactory, reduced export tax rebate will be of no avail to improve. Footwear, but also support, will We feel that the Government have taken note of the plight. "

China Import and Export Chamber of Electrical and related officials, who said that the policy could not be an all will balance the various products. "The important thing is to support the Government's attitude." Guangdong Electrical and aquatic products to benefit from a more

Research on day care similar to the report, the export volume of business more likely to benefit from the export tax rebate rate of increase. On the appliance industry, in the first half of this year, Gree Electric, the United States in the electrical and Qingdao Haier export earnings account for the proportion of revenues were 26.7 percent, 35.2 percent, 18.5 percent, relatively speaking, the United States and the electrical will benefit more.

Guangdong was also the benefit of aquatic products, its exports have been the first country in retaining its position. "8% of the export tax rebate adjustment should be able to achieve the effect of sending charcoal in snowy weather." Believe that if people in the industry. According to Guangzhou Customs statistics, the first three quarters of 2008, Guangdong exported 87,000 tons of water seafood, the same period last year dropped 14.4 percent, of which, frozen fish exports dropped 57.8 percent.

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